Company Number: 13121555

Analysis Date: 2025-07-20 14:10 UTC

1. Risk Rating: LOW
   The company demonstrates positive net current assets across reporting years, no overdue filings, and compliance with statutory requirements. Although it is a micro-entity with modest capital, its solvency indicators and operational compliance are adequate.

2. Key Concerns:

• Declining net current assets from £10,067 in 2021 to £4,723 in 2024, indicating a reduction in working capital that may impact liquidity if the trend continues.
• Very low share capital (£1.00), reflecting minimal equity buffer against unforeseen losses or liabilities.
• Limited scale and resources implied by micro-entity status, which might constrain operational flexibility or growth capacity.

3. Positive Indicators:

• Consistent maintenance of net current assets exceeding current liabilities, confirming short-term solvency.
• Up-to-date filing status for both accounts and confirmation statements, showing good regulatory compliance and governance.
• Stable employment level (2 employees), which aligns with the company’s micro size and suggests operational consistency.

4. Due Diligence Notes:

• Investigate reasons behind the steady decline in net current assets over the last 3 years to assess if this is due to operational losses, receivables issues, or other factors.
• Review cash flow statements (if available) to evaluate liquidity beyond balance sheet snapshots.
• Confirm the nature and stability of revenue streams in the wireless telecommunications sector (SIC 61200), given the company’s small scale.
• Verify director’s background and any potential related party transactions, considering sole director status.
• Consider obtaining more detailed financial information beyond micro-entity filings to better understand profitability and risk exposures.